SERVICE AFTER BREAK IN SERVICE Sample Clauses

SERVICE AFTER BREAK IN SERVICE. If a Participant incurs a ------------------------------ Break in Service, the Advisory Committee shall not take into account Years of Service before the Break in Service until the Employee completes a Year of Service after the Break in Service. Furthermore, if a Participant with a zero percent (0%) Nonforfeitable Accrued Benefit incurs a Break in Service, the Advisory Committee shall disregard the Years of Service before the Break in Service if the number of the Employee's consecutive Breaks in Service equals or exceeds the greater of five (5) or the number of the Employee's aggregate Years of Service (without regard to Years of Service the Advisory Committee previously disregarded under this sentence). If the Advisory Committee disregards the Participant's Years of Service described in the immediately preceding sentence, the Advisory Committee shall forfeit the Participants pre-Break in Service Accrued Benefit. The Plan does not permit forfeiture for cause.
Sample 1
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Related to SERVICE AFTER BREAK IN SERVICE

  • Break in Service This option may impose a complicated re-entry date for employees who have terminated or whose hours were severely cut back. Option (a) is chosen for administrative convenience.

  • HOUR OF SERVICE The crediting method for Hours of Service is: (Choose (a) or (b))

  • Years of Service (i) A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

  • SUSPENSION OF YEARS OF SERVICE The suspension of Years of Service rule elected under Adoption Agreement Section 2.03 is effective for Plan Years beginning after _____________________.

  • Year of Service VESTING. For purposes of vesting under Section 5.03, Year of Service means any 12-consecutive month period designated in the Employer's Adoption Agreement during which an Employee completes not less than the number of Hours of Service (not exceeding 1,000) specified in the Employer's Adoption Agreement. A Year of Service includes any Year of Service earned prior to the Effective Date of the Plan, except as provided in Section 5.08.

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Scope of Service See Appendix 1 for the scope of relevant technology service provided by Party B to Party A.

  • PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE A Participant who is eligible to make distribution elections under Section 6.03 of the Plan may elect to commence distribution of his Nonforfeitable Accrued Benefit: (Choose at least one of (a) through (c))

  • Cessation of Service The option term specified in Paragraph 2 shall terminate (and this option shall cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable:

  • BREAK IN SERVICE - PARTICIPATION The Break in Service rule described in Section 2.03(B) of the Plan: (Choose (a) or (b)) [X] (a) Does not apply to the Employer's Plan. [ ] (b) Applies to the Employer's Plan.

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